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30 May 06:04 PM

Levant news

27 November 2018 01:42 PM ECB confirms ending QE in December despite slowdown
Mario Draghi confirmed that the ECB would likely phase out its quantitative easing (QE) policy after its next meeting on 13 December.
Global Reports
27 November 2018 00:12 PM Vinci project’s sales hit EGP 1bn - Misr Italia
Sales of the first phase of Vinci project reached EGP 1 billion.
Global Markets brief
27 November 2018 00:11 PM Misr Italia launches 2nd project in New Administrative Capital
Misr Italia Properties has launched its second project in the new administrative capital “Vinci” with a total cost of EGP 6.17 billion.
Currencies
26 November 2018 10:46 PM Oil grows 2% with expectation of cutting output
Oil prices ended Monday’s trade in the positive territory increasing 2%
Global Markets brief
26 November 2018 10:23 PM Gold prices end Monday down
Prices of the precious metal were also affected by the outcome the Group 20 Summit 2018
Goods and Metals
26 November 2018 07:52 PM Goldman Sachs says commodities to jump 17% coming months
Goldman Sachs on Monday revealed that its commodities are expected to hike 17% over the coming months
Global Markets brief
26 November 2018 07:12 PM Internal Facebook documents seized by UK parliament
The internal documents include confidential emails in relation to Facebook's data
Global Reports
26 November 2018 04:06 PM UAE banks boost investments in gov't bonds — Analysis
Banks operating in the UAE have increased their investments in the GCC nation’s government bonds by 0.58% year-on-year in the first 10 months of 2018.
Global Indices
26 November 2018 03:02 PM Barclays names Jean Damien as head of investments in EMEA
Barclays on Monday announced that it has appointed Jean-Damien Marie as head of investment in Europe, the Middle East and Africa (EMEA).
Global Markets brief
26 November 2018 02:53 PM Theresa May's Brexit deal may pass parliament - UK lawmaker
Sarah Wollaston said on Monday that it is not “remotely possible” that May's Brexit draft would pass the House of Commons in a crucial vote.
Global Reports
26 November 2018 02:32 PM Russia detains 3 Ukrainian ships in Black Sea
Russian authorities have seized three Ukrainian naval ships off the coast of Russia-annexed Crimea.
Global Reports
26 November 2018 02:00 PM China's CNPC replaces France's Total in Iranian gas project
Iranian Oil Minister Bijan Zanganeh on Sunday said that CNPC has replaced Total in Iran's South Pars gas project
Global Markets brief
26 November 2018 01:51 PM Carlos Ghosn hires US law firm, denies charges
Global Reports
26 November 2018 01:31 PM Germany’s Wintershall wins 10% stake in Adnoc’s Ghasha gas concession
ADNOC has awarded Germany’s Wintershall Holding GmbH a 10% stake in the Ghasha ultra-sour gas megaproject.
Oil and Energy
26 November 2018 11:44 AM German businex client index “Ifo” falls in November
Sentiment among German companies eased in November after the Ifo Business Climate Index fell to 102.0 points
Global Reports
26 November 2018 10:50 AM US online sales hit record-highs on Black Friday, Thanksgiving Day
Black Friday online sales in the US hit record highs last week, while a lower number of shoppers went to physical stores
Global Reports
26 November 2018 09:54 AM Venezuela strikes $1.4bn deal to retain control of Citgo Petroleum
Venezuela has reached a $1.4 billion agreement with Crystallex International in a bid to retain control of Citgo Petroleum Corporation.
Oil and Energy
26 November 2018 09:22 AM Oil pares some losses but remains under $60 pb
Oil prices have recovered some losses early on Monday after around 8% drop on Friday, but remain under a downward pressure.
Oil and Energy
26 November 2018 09:20 AM UK’s Rio Tinto to sell majority uranium stake for $106.5m
UK-based Rio Tinto on Monday announced plans to sell its stake in Namibian uranium mine Rössing Uranium Ltd to a Chinese buyer.
Global Reports
26 November 2018 09:05 AM General Motors to close Canada plant in cost-cutting bid
General Motors Co. (GM) is planning to shut down its manufacturing operations in Canada.
Global Reports
25 November 2018 02:40 PM GE to build $600m power project in Iraq
Trade Bank of Iraq (TBI), Standard Chartered and US industrial conglomerate General Electric have signed a $600 million loan agreement
Global Reports
25 November 2018 01:39 PM Deezer eyes overcoming MENA rivals in Arab music industry
French music streamer Deezer has revealed plans that it will focus on domestic Arab content in the Middle East and North Africa (MENA) region
Global Economy
25 November 2018 00:10 PM Bin Salman to visit Bahrain as part of regional tour
Saudi Crown Prince Mohammed bin Salman is set to visit the kingdom of Bahrain on Sunday, Bahrain News Agency (BNA) reported.
Global Reports
23 November 2018 10:58 PM Oil prices down for 7th week in row
Nymex futures for January delivery dropped 7.7%
Oil and Energy
23 November 2018 09:49 PM Gold prices narrow gains on Black Friday
Gold futures for December delivery went down 0.4%
Goods and Metals